Which Bitcoin ETF is the SEC Likely to Approve First?

Despite the U.S Security and Exchange Commission’s (SEC) extended considerations and rejection of ETFs, currently, there aren’t any crypto ETFs directly representing underlying coins. Regardless, the odds are looking up in favor of these EFTs. Exchange-traded funds (ETFs) are pools of crypto-related assets that are offered on traditional exchanges. Bitcoin ETFs comprise BTC or Bitcoin price-related assets. The ETFs are purposed to give access to investors who are willing to invest in actual cryptocurrencies without owning them. Instead of the cryptocurrency exchange, Bitcoin ETFs are normally traded on the traditional exchange. SEC is set to approve the Bitcoin Futures ETF, a new Bitcoin-linked fund. The approval will mark a huge milestone that bitcoin experts have long-awaited. BITO, the Bitcoin-linked fund, lets investors invest in BTC without actually purchasing the asset on a cryptocurrency exchange. Bitcoin ETF Considering the high number of companies that have applied for a Bitcoin ETF to the Security and Exchange Commission, the regulator is more likely to approve Bitcoin futures ETFs. It’s filed under mutual fund regulation that exists for the crypto asset. The ETFs were proposed by Valkyrie and ProShares. Gary Gensler, the SEC’s Chairman, thinks the ETF offers significant protection to investors. ProShares Bitcoin Strategy ETF The ProShares Bitcoin Strategy ETF under the ticker BITO has over $1.2 billion in assets und...